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Senior Accounts Officer

3 weeks ago

Singapore UNITED OVERSEAS INSURANCE LIMITED Full time

You are invited to join **United Overseas Insurance (UOI), a member of the UOB Group **.

Established in 1971, UOI is the only **local listed general insurance company **in Singapore. UOI’s profitable growth over the years reflects its financial strength and prudence.

The Company’s principal activities are the **underwriting of general insurance business and reinsurance **. General insurance covers a broad spectrum of classes of insurance, among which are fire, marine, motor, engineering, general accident and liability business.

UOI is **a reliable and stable mid-tier insurer **, focusing on achieving quality underwriting results. We are customer-centric and take on measured risks to underwrite on portfolio basis. We focus on customer-retention leveraging on the bank and UOI’s products and benefits. We are prudent in our approach; hence, we are known for achieving high underwriting margins.

We are a **growth
- oriented company **and we continue to innovate and expand in Singapore and in the region.

We are now looking for a qualified individual to join UOI as **Senior Accounts Officer **.

**Responsibilities**:

- Compute and prepare statement of profit commission and XOL premium adjustments
- Prepare portfolio premium/loss entry and withdrawal
- Responsible for checking and following up on the outward treaty outstanding balances for collection or payment
- Manually input into the Treaty system premium reserves released/interest for treaties, Fire & Marine 1st Surplus, XOL MND premiums and XOL claim recovery
- Process documents relating to Outward Treaties, Commission Bordereau, Excess of Loss Treaty & Outward Transaction Checklist
- Process monthly/quarterly/yearly Treaty Statement List B (final) and ensure figures are correctly captured in the Treaty system
- Check GL Summary Listing for posting to SUNGL
- Update and age reinsurers’ outstanding balances monthly
- Prepare quarterly summary of premium reserve retained from reinsurers
- Update premium, commission and claim paid by treaty and reinsurers from Statement List B yearly
- Handle treaty payments/receipts
- Prepare quarterly treaty accounts closing with a summary of balances
- Prepare Form IR37 Section 45 Withholding Tax Return and payment to IRAS

**Requirements**:

- Minimum Diploma qualification
- At least 3 years of relevant working experience
- Proficient in Microsoft Office